2024-01-15 21:43:19
Eighteen months following the adoption of a revolutionary law, partially eliminating health questionnaires in borrower insurance, Crédit Mutuel stands out as a precursor of this measure. The Financial Sector Advisory Committee (CCSF) recently published a report highlighting the importance of this progress once morest health discrimination. This reform allowed approximately 25% of new borrowers in France to benefit from loan insurance without medical selection, thus facilitating access to property.
Crédit Mutuel: A key player in inclusion
Beyond the legal provisions, Crédit Mutuel has put in place an exclusive system for its loyal customers, particularly in the context of the purchase of their main residence. This initiative goes well beyond legal requirements, by offering a broad pooling of risks for the benefit of patients and former patients. This approach demonstrates Crédit Mutuel’s commitment to offering increased protection, with more 50% of main residence insurance contracts benefiting from this measure.
The risk of exclusion and price discrimination
However, the CCSF report reveals that certain players in the sector apply practices contrary to the spirit of the law. These practices include the exclusion of certain pre-existing pathologies and price discrimination between contracts with and without medical selection. These actions threaten the sustainability of loan insurance without medical selection and risk creating a “two-speed market”thus disadvantaging patients and former patients.
The call for more universal insurance
Faced with current economic and health challenges, Nicolas Théry, president of Crédit Mutuel Alliance Fédérale, underlines the importance of building a more united world. Crédit Mutuel, as the first mission-driven business bank, took the initiative of eliminating the health questionnaire for the majority of its loyal customers’ real estate loans. This choice is reinforced by the conclusions of the CCSF report, confirming the relevance of this approach.
A more inclusive initiative
Daniel Baal, Managing Director of Crédit Mutuel Alliance Fédérale, emphasizes the enhanced protection offered to patients and former patients thanks to the action of Crédit Mutuel and Crédit Mutuel Insurance. By offering more advantageous conditions than those proposed by law, Crédit Mutuel and CIC position themselves as major players in the construction of universal insurance.
Crédit Mutuel’s initiative in terms of borrower insurance without a health questionnaire marks a significant step towards greater financial and social inclusion. This profound change in the insurance sector proves that it is possible to reconcile profitability and social responsibility, paving the way for more equitable and inclusive practices in the financial world.
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